RAM Spends ฿451m to Top THG’s Stake to 5.5%, Expecting for Expansion in Provincial Area

On September 2, 2019, the board of directors of Ramkhamhaeng Hospital Public Co.,Ltd. (RAM) passed the resolution concerning the acquisition of Thonburi Healthcare Group PLC.’s share in the amount of 20,500,000 shares at the price of ฿22.00/share, totalling 451,000,000 baht.

After the acquisition, RAM will hold 5.57% of the total issued and paid up capital of Thonburi Healthcare Group PLC.

 

Thonburi Healthcare Group PLC. has operated the main business operation is a private hospital. The first hospital named Thonburi Hospital size 435 beds since May 10th, 1977 to present. Located at 34/1 Soi Issara Phap 44 Banchanglor Bangkoknoi, Bangkok. Businesses of THG is divided into three major segments, namely: 1. Medical Services Business; The 6 domestic hospitals operating for services (2 hospitals are under construction). The 2 overseas hospitals with the network of 18 nationwide hospitals; 2. Healthcare Solution Provider and 3. Other Business.

RAM has purposed to expand business in province. Thonburi Healthcare Group PLC. has good status and chances to growth business in the future. So, RAM takes part in by purchasing from original shareholders (Mrs. Charuwan Vanasin = 18,823,500 shares and other = 1,676,500 shares) about 20,500,000 shares or 2.41 % of registered shares. RAM expects to received dividend at preferable rate in the future.